Mehrotra warned that DRAM supply-demand will be considerably tighter in fiscal 2027 and 2028, with no clear timing for rebalancing despite added cleanroom capacity.
CEO Sanjay Mehrotra said on the 30 September earnings call that supply-demand conditions are likely to be considerably tighter in fiscal 2027 and 2028, and that Micron cannot say when balance will return even with planned additional DRAM cleanroom capacity.
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Mehrotra expects memory supply to improve only gradually in 2028 and says it is unclear when supply and demand will rebalance.
CEO Sanjay Mehrotra expects supply to improve gradually in 2028, though he has said it is unclear when supply and demand will come back into balance.
Mehrotra expects memory supply-demand to be tighter in 2027 and 2028 than in 2026, with NAND remaining supply constrained in both years.
Micron (MU) CEO Sanjay Mehrotra said he expects memory supply and demand conditions to be tighter in 2027 and 2028 than in 2026. He sees NAND staying supply constrained in both years.
Mehrotra said memory supply-demand will be much tighter in 2027 and 2028, with over 75% of fiscal 2027 output already committed.
Micron CEO Sanjay Mehrotra told investors that supply-demand conditions will be "much tighter" in calendar 2027 and 2028 than they were this year. More than 75% of Micron's planned fiscal 2027 output is already committed, he said, with new customer conversations now centred on 2028 volumes.
Mehrotra told investors memory shortages will persist well beyond 2028 even as Micron adds capacity such as the Idaho One and Tongluo fabs.
Mehrotra has gone further than most of his peers in saying how long this lasts: memory shortages, he told investors, will persist well beyond 2028 even as Micron brings new capacity online, including its Idaho One fab expected around mid-2027 and the Tongluo site in Taiwan targeting late 2027 into 2028 output.
Mehrotra said Micron's HBM capacity is sold out through 2026 and he expects fiscal 2027 to be even stronger.
CEO Sanjay Mehrotra told analysts that HBM capacity is sold out through 2026 and that he expects fiscal 2027 to be even stronger.